On-demand ride provider Grab's financial services offshoot has secured the funding in a round led by Hanwha's Asset Management unit.
Hanwha Asset Management has led a funding round sized at more than $300m for Grab Financial Group, the finance subsidiary of Singapore-based ride hailing service Grab, The Information reported yesterday.
The report did not reveal the participants in the round apart from Hanwha Asset Management, which forms part of diversified conglomerate Hanwha.
Grab Financial Group oversees its parent company’s financial technology and services products, which include its GrabPay mobile wallet and point-of-sale system, lending service GrabFinance, insurance scheme GrabInsure, investment…
